euro adhoc: Andritz AG / Andritz receives large follow-up order for extension of a stainless steel plant in China (E)

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Graz, 29 September 2004. International technology group Andritz received a large follow-up order from Lianzhong Stainless Steel, a member of Taiwanese Yieh Group, for the extension of the new steel mill in Guangzhou, China. In 2003, Andritz had received an order to build the world’s largest stainless steel hot strip annealing and pickling line for the same customer. The project is currently underway. The recent order relates to a stainless steel cold strip annealing and pickling line with an annual capacity of approx. 250,000 t.

The Andritz Group will be responsible for engineering, a large part of the equipment supplies, supervision of installation, and start-up of the cold strip annealing and pickling line. The mechanical equipment will be supplied by Sundwig GmbH, Hemer, Germany, the thermal equipment by Thermtec BV, Rotterdam, Netherlands, and the pickling line will be supplied by Andritz AG, Vienna, Austria. All three companies are members of the Andritz Rolling Mills and Strip Processing Lines Business Area.

Delivery is scheduled for August 2005, with production of the first strip expected in July 2006.

With this order, international Andritz Group has further consolidated its position as a comprehensive supplier of complex systems and as the technology leader for stainless steel mills.

About the Andritz Group
Publicly listed Andritz Group is a global market leader for advanced production systems for pulp and paper, steel and other specialized industries. As of June 30, 2004, Andritz had a staff of 4,885 employees worldwide. It develops and makes its high-tech systems at 16 production sites (Austria, Germany, Finland, Denmark, France, Netherlands, USA, Canada, and China).

Certain statements contained in this press release constitute "forward-looking statements". These statements, which contain the words "believe", "intend", "expect" and words of similar meaning, reflect management’s beliefs and expectations and are subject to risks and uncertainties that may cause actual results to differ materially. As a result, readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to publicly announce the result of any revisions to the forward-looking statements made herein, except where it would be required to do so under applicable law.

Further inquiry note:
Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
Tel: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415

Emittent: Andritz AG Stattegger Straße 18 AT-8045 Graz Tel: +43 (0)316 6902-0 FAX: +43 (0)316 6902-415 Email: WWW: ISIN: AT0000730007

end of announcement euro adhoc

Indizes: ATX, ATX Prime, WBI
Börsen: official dealing Wiener Börse AG
Branche: Machine Manufacturing
Sprache: Englisch